dtrax
23-09-09, 18:30
ANOTHER Government land parcel has been triggered for sale, after a developer commited to bid not less than $82 million for an Upper Thomson Road plot, said the Urban Redevelopment Authority on Wednesday.
A tender for the site will be launched in two week's time, it said.
The 2.08 ha plot is near Lower Peirce Reservoir Park and Bishan Park. It can generate a maximum gross floor area of 43,781 sq m.
Under the reserve list, a site will be put up for tender after a developer indicates interest by committing to a minimum bid that is acceptable to the Government.
Developers have been showing strong interest in purchasing sites, with recent tenders attracting an overwhelming number of bids.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_433356.html
A tender for the site will be launched in two week's time, it said.
The 2.08 ha plot is near Lower Peirce Reservoir Park and Bishan Park. It can generate a maximum gross floor area of 43,781 sq m.
Under the reserve list, a site will be put up for tender after a developer indicates interest by committing to a minimum bid that is acceptable to the Government.
Developers have been showing strong interest in purchasing sites, with recent tenders attracting an overwhelming number of bids.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_433356.html